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Dec 1, 2012
12/12
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CNBC
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but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. only one an opportunity to buy. starbucks is coming to town on wednesday. you better get ready for one terrific show as the one and only howard schultz i believe will tell you that business is smoking in so many places in china to the united states and that tebana will be the next generation starbucks as soon as the merger is completed. the next day yum brands. it's coming to town. that company will have some explaining to do. i will have more on what yums needs to tell us. the sting of the earnings shortfall last night will still be with us no matter how good kentucky fried chicken might taste. also we hear from lulu lem athletics. i got a situation for how to trade this wild stock. wait
but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. only one an opportunity to buy. starbucks is coming to town on wednesday. you better get ready for one terrific show as the one and...
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Nov 29, 2012
11/12
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FBC
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focus on rather than the fiscal cliff. here's a clue. ♪ [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scttrader streaming quotes. it's another reaso more investors are saying... [ all ] i'm with scottrade. ♪ gerri: president obama's says he is confident a deal on the fiscal cliff can be reached b christmas. both sides seem so far off. even among senate democrats, there are deep divisns over whether to include cuts to medicare or medicaid. intel not reform, should it be part of the fiscal cliff talks? here is what some of you are tweeting me. if there is not entitlement reform and we are not backing away from the cliff, we are really doing the tango dane along theedge. randy degrees. you have to curb them t
focus on rather than the fiscal cliff. here's a clue. ♪ [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scttrader streaming quotes. it's another reaso more investors are saying......
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Dec 3, 2012
12/12
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MSNBCW
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what you're talking about is where we solve this fiscal cliff by creating another fiscal cliff down the road is totally immature. it lacks political courage. we know what needs to be done, and let's get it done over the next three weeks. the options are not going to change. >> would you call on your party not to mount that sort of opposition to the president if he specifies how he's going to restructure medicare? >> i think that both -- look, i have laid out in great detail very painful cuts to medicare. i just did it in a 242-page bill that i have shared with the white house, shared with boehner, shared with mcconnell, in order to move us beyond this silly debate that's taking place. the fact is, claire knows this and i know this. there are serious reforms that have to take place in medicare for our country to become solvent. >> well, we have to be careful. and you're right about this, david. what is really irresponsible, that $716 billion, that was low-hanging fruit. that was fluff in the medicare system, savings that we had to recover. and by the way, it's the same savings that was i
what you're talking about is where we solve this fiscal cliff by creating another fiscal cliff down the road is totally immature. it lacks political courage. we know what needs to be done, and let's get it done over the next three weeks. the options are not going to change. >> would you call on your party not to mount that sort of opposition to the president if he specifies how he's going to restructure medicare? >> i think that both -- look, i have laid out in great detail very...
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Dec 5, 2012
12/12
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WBAL
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both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away. >> with no solution in sight the white house budget is now ordering the pentagon and other an an jencies to finalize their plan to avoid massive spending cuts. >> secretary of state clinton says nato's decision missiles to turkey sends a clear message that tour ski is backed by its allies. the big concern remains an increasely desperate assad regime will turn to chemical weapons as rebel fighting rages on. the u.s. and its partners are looking to apply additional pressure on at a conference next week. the regime insists they would not use weapons against its people. >> a natural gas tanker arrive
both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away....
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Nov 30, 2012
11/12
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KTVU
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eye 98
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the reason for that is really clear: a lot of it has to do with the fiscal cliff. > the fiscal cliff. you asked some questions about that. what were the findings there? > > we really asked about how much is the fiscal cliff impacting you in terms of whether you are going to hire or not. what we found is that 60% of folks said they are going to hold off on bonuses for wait and see what happens with the fiscal cliff before they make some decisions around that. we saw almost 40% of small businesses saying, "if we even thought about hiring, we are going to wait until we get some kind of resolution around the fiscal cliff. and most concerning to me, 60%+ of small businesses don't believe the government can figure out how to solve this fiscal cliff. > c'mon congress and president. all right, michael alter. i'm going to see you in a month. let's see if some things are improving. i appreciate it. > > i can only hope. thanks for having me. just ahead, are banking stocks ready to short circuit? a couple of traders charge in with their views after the break. >-.y÷$@y+o3vhpe the time has come fo
the reason for that is really clear: a lot of it has to do with the fiscal cliff. > the fiscal cliff. you asked some questions about that. what were the findings there? > > we really asked about how much is the fiscal cliff impacting you in terms of whether you are going to hire or not. what we found is that 60% of folks said they are going to hold off on bonuses for wait and see what happens with the fiscal cliff before they make some decisions around that. we saw almost 40% of small...
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Nov 29, 2012
11/12
by
CNBC
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we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy stocks that are growing at 20% a year at ten times earnings, that's a good valuation. there are a number of those situations there that we're seeing left and right. >> got to go, guys. >> okay. >> sorry, jeff. you know how that works. you guys on the website, you get unlimited amount of space. just go on. >> tell me editor. >> i know. >> thanks, guys. see you soon. let's get over to jackie deangelis with a quick market flash. >> hey, there. watching shares of super value tanking on a headline that talks have stalled. reportedly struggling to get financing for a s
we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy...
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Dec 3, 2012
12/12
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KPIX
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he has drawn a hard line saying the obama administration will refuse any fiscal cliff deep that does not include a tax hike on the richest americans. geithner remains optimistic despite harsh words from republicans. >> reporter: with the clock ticking in washington and the fiscal cliff moving closer every day, tim geithner said they will only approve a plan with tax rates. >> if they are going to force higher rates on virtually all americans, because they are unwilling to let tax rates go up on 2% of americans, then that's the choice they're going to have to make. >> reporter: geithner presented his plan to republicans, calling for $1.6 trillion in revenue and cuts in stimulus spending. he suggested the bush era tax cuts must expire for the wealthiest americans. >> we put forward a very comprehensive, carefully designed mix of savings and tax reforms to help us put us back on a path to stabilizing our debt and living within our means. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget proposal.
he has drawn a hard line saying the obama administration will refuse any fiscal cliff deep that does not include a tax hike on the richest americans. geithner remains optimistic despite harsh words from republicans. >> reporter: with the clock ticking in washington and the fiscal cliff moving closer every day, tim geithner said they will only approve a plan with tax rates. >> if they are going to force higher rates on virtually all americans, because they are unwilling to let tax...
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Nov 29, 2012
11/12
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FBC
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the fiscal cliff being one of them. david: right. >> they don't really think they can overcome on their own. david: jon, we had sheila bair on a critic the fed. she is not a right-wing ideologue by any respect. she was for elizabeth warren. she says they are creating another bubble. in december they meet again. the question will they continue with operation twist where they buy the long term bonds. they don't have many short-term bonds to trade for in their portfolio, do they? >> bottom line, if they continue purchases of long term bonds they have been doing they will have to do it by printing money, which isn't going to make critics of the fed --. david: that is pure monetizaton of the debt, right? if they're printing money to buy debt. that is monetizaton of debt. that is the definition of it. >> it is close to it. it is close to it. they're not buying it directly from the government. they're buying it from secondary markets. it certainly has the sniff of that. this is one of the reasons why the what the fed is doing
the fiscal cliff being one of them. david: right. >> they don't really think they can overcome on their own. david: jon, we had sheila bair on a critic the fed. she is not a right-wing ideologue by any respect. she was for elizabeth warren. she says they are creating another bubble. in december they meet again. the question will they continue with operation twist where they buy the long term bonds. they don't have many short-term bonds to trade for in their portfolio, do they? >>...
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Dec 6, 2012
12/12
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FOXNEWS
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. >> what is the fiscal cliff? >> honestly, we're from new mexico, just helping out here to clean. >> no idea. >> the cliff? >> a cliff? how tall is it? >> i have no idea. >> brian: you got to ask americans. not new mexicans. what you should do about the fiscal cliff, coming up. speak of america's money crisis what, does this have to do with it? that former u.s. senator doing gangam style. he's trying to inspire you. >> i couldn't believe this. starbucks is now introducing i guess for the holidays a $450 gift card. [ cheering ] >> starbucks, $450 gift card, yeah. it's good for two small coffees and a josh groban cd. that's what it gets you the r. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. let's see if we can get the same item at walmart f less? okay. fijit friends. fifteen bucks on rollback. wow! that's a savings of over 29
. >> what is the fiscal cliff? >> honestly, we're from new mexico, just helping out here to clean. >> no idea. >> the cliff? >> a cliff? how tall is it? >> i have no idea. >> brian: you got to ask americans. not new mexicans. what you should do about the fiscal cliff, coming up. speak of america's money crisis what, does this have to do with it? that former u.s. senator doing gangam style. he's trying to inspire you. >> i couldn't believe this....
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Nov 29, 2012
11/12
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CNBC
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are they worried that if indeed we get close to the fiscal cliff or we go over the fiscal cliff that that will affect their businesses? >> well, for us, we primarily focus on working with small, medium size businesses. fiscal cliffs and politics don't come up much in our conversations. we focus on creating customer unique rewards. i think businesses know from a consumer standpoint, it's greater than 90% are disposable income is spent within a couple of miles of your home. focusing on local, helping businesses retain customers an drive frequency in their local markets can really help drive through any potential impact of a fiscal cliff. >> jeff, what are you hearing in the valley about the fiscal cliff, how concerned are the other people that you talk to, the inknow vnovators out there, are millionaires, billionaires and many of whom are trying to start new businesses in the valley. >> you know, the perception is more about -- the talk is more about the potential impact on business and allowing -- not taking action to address this issue and letting it expire is bad for business. every
are they worried that if indeed we get close to the fiscal cliff or we go over the fiscal cliff that that will affect their businesses? >> well, for us, we primarily focus on working with small, medium size businesses. fiscal cliffs and politics don't come up much in our conversations. we focus on creating customer unique rewards. i think businesses know from a consumer standpoint, it's greater than 90% are disposable income is spent within a couple of miles of your home. focusing on...
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Nov 30, 2012
11/12
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CNBC
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eye 253
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here we are on the edge of this fiscal cliff. a lot of people say if we go over, we're going to see dividend taxes go to 44% next year. do i really want a special dividend now if in a few weeks or in a month it's going to be an issue for me because i've got a 44% tax bill? >> i think you buy dividend stocks here. based on everything i'm reading, it seems like the white house, the democrats are willing to give up the high-dividend tax rate to get something. it seems like that's the first thing they're going to be flexible on. maybe the rate goes 20 to 25%. i don't think you see high 40s. >> that's capital gains. 15% is dividends, right? >> dividends. >> where does that go? >> i think the dividend tax rate, some people will believe it will go up significantly. i think the white house, at least on dividend gains, is going to be very flexible. i don't think you see the rate higher than 25%. >> if that happens, i think you'll probably not see a flood of companies move those dividends forward. if it's 43%, you'll see a flood going from
here we are on the edge of this fiscal cliff. a lot of people say if we go over, we're going to see dividend taxes go to 44% next year. do i really want a special dividend now if in a few weeks or in a month it's going to be an issue for me because i've got a 44% tax bill? >> i think you buy dividend stocks here. based on everything i'm reading, it seems like the white house, the democrats are willing to give up the high-dividend tax rate to get something. it seems like that's the first...
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Nov 29, 2012
11/12
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CNNW
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so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings. important, nonetheless, because these are face-to-face meetings with principle players, timothy guide next the treasury secretary, tapped by the president to be the point person to spearhead the negotiations with congress over these fiscal cliff negotiations. we had had a brief shot of him arriving this morning as he was coming into the capitol. he's being joined by rob neighbors, the white house liaison to congress. he's a man that has long standing relationships with folks on capitol hill. series of meetings, all individual meetings, senator reid, told by my colleagu
so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings....
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Nov 29, 2012
11/12
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MSNBCW
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a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck in con kreetd as you said earlier. they don't want to move. they are denying election results. but there is real ominous things i think that are starting to surface here. any talk of a mortgage deduction change would be horrendous in my opinion and it would fly in the face of everything barack obama and joe biden ran on in protecting middle class. they have to be crystal clear that that is off the table. the housing crisis started the last recession. if they go after mortgage deductions, if they put that on the table even for high end homes, that will change sales,
a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck...
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Dec 5, 2012
12/12
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CNBC
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>> i contends the fiscal cliff will come to an agreement. it will be temporary in nature, kind of a year type of plan. i think the market has digested a bit that tax rates will go up. it's just a matter of how much spending are we going to cut to make this a market between the democrats and republicans. >> does monetary policy hurt or help the banks? keeping rates as low as they are, it's tough to make a buck the traditional way of lending and spending, right? >> i'm going to be a two-armed economist because i can't said on the other hand. there's two things that are very important. first of all, credit in commercial real estate is phenomenal. cap rates are really low. so the fact that rates are as low as they are has allowed commercial real estate not to fall into the abyss. if commercial real estate had to refi at high rates, we would have had another problem. the other problem is the fact margins are getting squeezed at these banks. credit quality is better. >> that's where the money comes from. >> yeah, fees. by the way, you can eat thes
>> i contends the fiscal cliff will come to an agreement. it will be temporary in nature, kind of a year type of plan. i think the market has digested a bit that tax rates will go up. it's just a matter of how much spending are we going to cut to make this a market between the democrats and republicans. >> does monetary policy hurt or help the banks? keeping rates as low as they are, it's tough to make a buck the traditional way of lending and spending, right? >> i'm going to...
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Dec 5, 2012
12/12
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CNBC
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the soap opera we call the fiscal cliff. before we get to our chief washington john harwood and the president is meeting with another grouch ceos, i need to start with eamon javers on capitol hill where lawmakers are skipping down early for a long weekend. eamon, wasn't thanksgiving just a couple weeks ago? >> it was. let me check michael ichaey cal. you see rank and file members of congress leaving the capitol. they are done for the week. they're headed back loam to their hometown districts. a lot of folks focused on this negotiation right now but the reality is that the negotiations are taking place among just a very few, very high level people. i was talking to a few rank and file members yesterday who said they were frustrated there is not a whole lot for them to do, they are just sitting around here waiting for some break-through in these negotiations. they want something to do on the floor, in their offices and there is not much for them to sink their teeth into. now they're going into their district. leadership is goi
the soap opera we call the fiscal cliff. before we get to our chief washington john harwood and the president is meeting with another grouch ceos, i need to start with eamon javers on capitol hill where lawmakers are skipping down early for a long weekend. eamon, wasn't thanksgiving just a couple weeks ago? >> it was. let me check michael ichaey cal. you see rank and file members of congress leaving the capitol. they are done for the week. they're headed back loam to their hometown...
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Nov 29, 2012
11/12
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FOXNEWSW
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cuts in this deal to avoid the fiscal cliff. that is not what they are doing now. should they include those? >> yes. i think that, and i know that democrats accept that this has to be it, a balanced package, that includes revenues and cuts and spending cuts. >> months ago, the budget carney held up was voted down by the entire senate. 99-0. meaning no democratic support. earlier, dick durbin insisted spending cuts from entitlement reform will not be part of the talks while pelosi spell noncommittal whether the cuts will be in the deal. still, the administration is trying to breathe life to the talks, with vice president biden shopping at new costco in washington, picking up a big screen tv and apple pie and insisting he is optimistic of a deal. >> i am. i am. all the folks in the store, man. going to make a difference. >> carney shot down a politico report that a phone call last night between boehner and the president was curt, noting it was 28 minutes long and productive. signaling the president is flexible on taxes not being s
cuts in this deal to avoid the fiscal cliff. that is not what they are doing now. should they include those? >> yes. i think that, and i know that democrats accept that this has to be it, a balanced package, that includes revenues and cuts and spending cuts. >> months ago, the budget carney held up was voted down by the entire senate. 99-0. meaning no democratic support. earlier, dick durbin insisted spending cuts from entitlement reform will not be part of the talks while pelosi...
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Nov 30, 2012
11/12
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MSNBCW
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. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort of understands what the contours of the deal are going to look like. and what i see is john boehner trying to sort of protect his caucus at this point because he probably understands that at the end of the day, that top rate is going to go up. and republicans are in a really awkward position because right now essentially they're just defending the tax cut for the top 2%. at the same time, the white house's public posture is to say well, no, we don't want to go over the fiscal cliff because you don't want to send that message to the markets. but then behind the scenes you sort of get the feeling they'd be willing to do it and they'd be okay at least
. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort of understands what the contours of the...
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Nov 29, 2012
11/12
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MSNBCW
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but whatever you call it, politico's front page headline reads, fiscal cliff deal emerging. it hashes out the flame woframe agreement including $400 billion in cuts to entitlements. but how close are they really? depends on who you ask. >> what's going on between the decision makers is little to nothing. >> you can actually now see what the contours of the deal look like. >> i'm optimistic that we can continue to work together to overt this crisis and sooner rather than later. >> we will not negotiate the end of medicare. i don't know what it is with these republicans. >> it's safer if you're on the progressive end of the political spectrum to go over the fiscal cliff than it is to agree to some of the things they're talking about. >> ruth, where do you stand, deal or no deal? >> not who deal, but who are more pessimistic. the clock is really ticking. about ten legislative days left in the year. outlines are there but the willingness to do it and the ability to get it done in time, i'm more disappointed than i thought i would be at this point. on the other hand, this is the
but whatever you call it, politico's front page headline reads, fiscal cliff deal emerging. it hashes out the flame woframe agreement including $400 billion in cuts to entitlements. but how close are they really? depends on who you ask. >> what's going on between the decision makers is little to nothing. >> you can actually now see what the contours of the deal look like. >> i'm optimistic that we can continue to work together to overt this crisis and sooner rather than later....
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Nov 30, 2012
11/12
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FBC
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it seems like the fiscal cliff situation will never end. monica crowley want to tell us what will happen here in washington. >> nobody really knows what the next move will be. both sides are pretty firm in their position. for anyone who thought that barack obama may move to the middle in his second term or be willing to compromise, we now know that is not true. connell: that is out of the window, and your view. >> yes. connell: the democrats will argue, this is nonsense. >> this is who the president is. this is what he believes. my book is complete with every single time the president has proposed a type of policy. it has evolved the same exact elements we heard from geithner yesterday. higher taxes and more spending. no entitlement reform. connell: not as much of what you think should happen, i am more interested in what will happen. the ball is now in john boehner's court. what do you think is going to happen? >> over the last four years, the republicans have tried to negotiate in good faith. even two years ago, when the first debt ceilin
it seems like the fiscal cliff situation will never end. monica crowley want to tell us what will happen here in washington. >> nobody really knows what the next move will be. both sides are pretty firm in their position. for anyone who thought that barack obama may move to the middle in his second term or be willing to compromise, we now know that is not true. connell: that is out of the window, and your view. >> yes. connell: the democrats will argue, this is nonsense. >>...
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Dec 5, 2012
12/12
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MSNBCW
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. >> i'm worried about the fiscal cliff in the same way i'm worried about martians. >> fiscal cliff. >> fiscal whatever it is. >> is this a rerun? >> still no progress as all sides jockey for position. >> i would say we're nowhere. >> speaker john boehner issued a downer offer yesterday. >> the white house quickly dismissed it. >> the speaker's proposal is out of balance. >> it is more of the same. >> it is not me being positive. it is the math. >> magic math. >> magic beans and fairy dust. >> president obama did win the election. >> me thinks somebody made him king. >> no. i don't think that's right. >> he doesn't see where he stands in the universe. >> i would say we're nowhere. >> are we that far apart? >> both sides want a deal. >> a matter of math. >> try to stay away from hypotheticals. >> it won't pass. >> discussions abo u >> unicorns. >> they're imaginary beasts. >> magic beans. >> magic math. >> an enchanted universe. >> outrageous. >> the whole thing is going wacky. >> i would say we're nowhere. >> i don't envy the position the speaker is in. >> we're nowhere. you just mig
. >> i'm worried about the fiscal cliff in the same way i'm worried about martians. >> fiscal cliff. >> fiscal whatever it is. >> is this a rerun? >> still no progress as all sides jockey for position. >> i would say we're nowhere. >> speaker john boehner issued a downer offer yesterday. >> the white house quickly dismissed it. >> the speaker's proposal is out of balance. >> it is more of the same. >> it is not me being positive....
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Dec 6, 2012
12/12
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CNBC
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we do not want to go off the fiscal cliff. that's why we quickly responded to another proposal to the president. but the president refused to have a discussion. >> there's other reports that say republicans are looking for a fallback position, if he can't get the capps on deductions for more tax revenues and so forth. and it's going to be tax rates that the republicans might just vote present. some might vote present. some might vote aye and deal with the rates next year is. that just pure press speculation or is there anything to it? >> look, those are all press stories that are out there. we're trying to solve a problem. because if that came to fruition, that does nothing to solve the problem. and we just have an unbelievable amount of growth in government where we have to control the spending. if we want to truly save medicare and social security, we've got to do something about it. that's what republicans have been proposing all along. we want to solve a problem once and for all. and that's why we haven't waited -- it's in
we do not want to go off the fiscal cliff. that's why we quickly responded to another proposal to the president. but the president refused to have a discussion. >> there's other reports that say republicans are looking for a fallback position, if he can't get the capps on deductions for more tax revenues and so forth. and it's going to be tax rates that the republicans might just vote present. some might vote present. some might vote aye and deal with the rates next year is. that just...
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so you say this fiscal cliff, its fiscal nuclear bomb. what are some of the elements that concern you most? >> let's starts with this was something created by congress and signed into law by president obama. so this is not a tsunami that just came by accident, mother nature. this was created by our elected public officials. should it go off, it will be nothing short of a nuclear weapon, a fiscal nuclear weapon. we have not only the increasing of capital gains taxes and marginal tax rates but 26-28 million americans are going to be subject to the alternative minimum tax. that is potentially $3700 additional tax liability. we have the elimination of the 2% social security benefit and up to $55 billion on the social programs. $55 billion out of defense on and on. this will be nothing short of a nuclear catastrophe. >> heather: we keep hearing how this is going to affect the higher income people. according to the congressional budget office, all americans will be affected if the deal is not reached. not just in terms of revenue but job loss.
so you say this fiscal cliff, its fiscal nuclear bomb. what are some of the elements that concern you most? >> let's starts with this was something created by congress and signed into law by president obama. so this is not a tsunami that just came by accident, mother nature. this was created by our elected public officials. should it go off, it will be nothing short of a nuclear weapon, a fiscal nuclear weapon. we have not only the increasing of capital gains taxes and marginal tax rates...
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Dec 5, 2012
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fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game. because we have to break that habit before it starts. >> bret: what about that? >> well, the president had as many red lines for iran as for house republicans. i think what kirsten said is absolutely remarkable. it is about the scalp. it's about the president having made a campaign argument for the better part of 2012. so that he could run a class warfare campaign. now having to make good on that with the base of his party. the u.s. economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in
fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game....
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Dec 7, 2012
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if no agreement is reached on the fiscal cliff. this twenty five minute event took police at the veteran affair offices in washington, d.c. >>> thank you, tommy. first, let me thank secretary panetta for the unwavering support for the here at the va and the men and women who wear and have worn the uniform of the nation. our close partnership with the immediating we had -- meeting we had today on their behalf has never been more important as it is today. as we enter the holiday season i want to thank the men and whoim spend their holiday away from the families defending the nation. we're grateful for their the service and sacrifice. as we have discussed very little what we do here at va -- most of what we work on originated in dodd and that's why achieving our priorities at va requires the close and collaborative working relationship. we have more to do but with president obama's strong support and guidance we have brought the two departments closer together than ever before. we have underwritten joint vad. we began harmonizing our
if no agreement is reached on the fiscal cliff. this twenty five minute event took police at the veteran affair offices in washington, d.c. >>> thank you, tommy. first, let me thank secretary panetta for the unwavering support for the here at the va and the men and women who wear and have worn the uniform of the nation. our close partnership with the immediating we had -- meeting we had today on their behalf has never been more important as it is today. as we enter the holiday season i...
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Dec 6, 2012
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let me play it. >> if there is no agreement, then the fiscal cliff has to be dealt with. i didn't see it if they decent this, we do that. i saw it as a statement of fact. it's not a threat. it's a prediction. if there's no agreement, we go over the cliff. let's hope we can have an agreement. >> what do you make of the way she put it? it's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be a shame it if anything happened to it. that's not a threat. look, we have to start looking at what happens if we do, in fact, go over the so-called cliff, and what happens is, you know, one thing is we take a huge bite out of the deficit. we do it in a crude may, and there would be immediate attempts to fix it and fine-tune it and take some back. some would probably get through. if you actually want to look at it from a policy standpoint, it may not be the worst possible option to just go over the cliff and then put back in the tax cuts and the spending increases or renewals that you'd like to put ba
let me play it. >> if there is no agreement, then the fiscal cliff has to be dealt with. i didn't see it if they decent this, we do that. i saw it as a statement of fact. it's not a threat. it's a prediction. if there's no agreement, we go over the cliff. let's hope we can have an agreement. >> what do you make of the way she put it? it's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be...
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Dec 5, 2012
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part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary threat to the future. speaking of unsustainable, in the nixon white house in which i served, the chairman of the council, if something is unsustainable, he says it continues to stop. or if you don't like that, if your worst eyes, i suggest that you does not dismount. in lieu of that retirement, i decided to set up the foundation to increase awareness of long-term debts and get solutions. never in my experience have these things are more closely linked, in the words of mike mullen. we are endlessly reminded that everything must be on the ta
part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary...
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Nov 30, 2012
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fiscal cliff hardball. should the president be on the road or back in washington hammering out a fiscal cliff compromise? tweet me @thomasaroberts or on facebook. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. [ phillips' lady ] live the regular life. an intense burning sensation i woke up with this horrible rash on my right side. like somebody had set it o
fiscal cliff hardball. should the president be on the road or back in washington hammering out a fiscal cliff compromise? tweet me @thomasaroberts or on facebook. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[...
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Dec 7, 2012
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and one of our viewers has a question for you about the fiscal cliff. you know all about the back and forth and drama about the fiscal cliff and delores wants your thoughts on where do you stand on this whole fiscal cliff, how will it play out. >> congress better get off its duff and do something. and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed political seats. >> tom: you could argue in the three years you've been away from the nbr anchor desk congress hasn't done a lot to address the fiscal situation. >> no it's just ridiculous. i mean these are our elected representatives and they have got to pay a little more attention to those that got them in the office. and they're arguing amongst themselves without much care about the people they represent. >> tom: a lot of those folks are retiree, we have a question from anita asking what is the investing or financial planning lesson paul use most during retirement? >>
and one of our viewers has a question for you about the fiscal cliff. you know all about the back and forth and drama about the fiscal cliff and delores wants your thoughts on where do you stand on this whole fiscal cliff, how will it play out. >> congress better get off its duff and do something. and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed...
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Nov 30, 2012
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let's start with the fiscal cliff. secretary reich if we hit the fiscal cliff would it be devastating and hence we must do cuts in social security and medicare? >> first of all the fiscal cliff is a misnomer. it really is not a cliff. we can go over it and a lot of people won't feel much, particularly if democrats do what they say they're going to do, and that is pass a bill that makes the tax cuts retroactive to january 1 for the middle class. that's what democrats would do, giving them maximum bargaining with the republicans. we don't have a debt crisis. that's another might geology that a lot of people, republicans and media are talking about. there is no the a budget deficit crisis right now. in the years beginning 10 years from now, we will have very large budget deficits, but those are because of health care costs rising projected to rise very, very high and that's going to hurt medicare and medicaid, not because medicare and medicaid are the problems, but because underlying those medicare and medicaid problems p
let's start with the fiscal cliff. secretary reich if we hit the fiscal cliff would it be devastating and hence we must do cuts in social security and medicare? >> first of all the fiscal cliff is a misnomer. it really is not a cliff. we can go over it and a lot of people won't feel much, particularly if democrats do what they say they're going to do, and that is pass a bill that makes the tax cuts retroactive to january 1 for the middle class. that's what democrats would do, giving them...
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Nov 29, 2012
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congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st of the year. >> kicking the can, you look at markets today. you have global markets up. stock futures are up. the stock market was up yesterday because this whole idea of optimism from john boehner and the president that this could get done by the end of the year is something the world wants to see. you look at our polling. our polling shows, and the most recent poll from abc news/"washington post," 60% of people support raising tacks on incomes over $250,000 per year. isn't the argument of kicking the can down the road losing so
congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st...
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Nov 29, 2012
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from falling off the fiscal cliff? we'll get the worst case scenario when we come back. >>> welcome back. kbw declaring a special $2 a share dividend becoming the latest company in a growing list so far. 174 companies have announced special dividends in november according to s&p. that's a new record. who are some potential issuers on deck? >> goldman sachs back in september put out a note that i think really got this conversation going. the one name they mentioned on there that has not yet done the special dividend is mastercard. doc was talking about it before reaching new levels today. i think mastercard is a name that you could focus on. >> when you own a stock and they announce a special dividend it is great but the problem with chasing them is once the thing goes "x" dividend, typically the price will adjust. it is not necessarily a great short term trade. i'd focus more on consistent dividend paying as opposed to special dividend. >> google's on my list. $50 billion in cash. at least one-third of that onshore. th
from falling off the fiscal cliff? we'll get the worst case scenario when we come back. >>> welcome back. kbw declaring a special $2 a share dividend becoming the latest company in a growing list so far. 174 companies have announced special dividends in november according to s&p. that's a new record. who are some potential issuers on deck? >> goldman sachs back in september put out a note that i think really got this conversation going. the one name they mentioned on there...
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>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal reserve is drunk. while back the fed is distorting the bond work it. dagen: does it make sense that the fed is likely to continue the bond buying into the next year? does that make any sense on the planet? >> well, look, i thought qe1 was absolutely essential. qe2 i understood why we did it. qe3, i do not get it. i think the fed is making a mistake here. they could have achieved the same or even a better objective by following a different policy. this is the path we are on. doctor bernanke is obviously completely preoccupied with the risks of having a depression and he is throwing as much mon
>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal...
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Nov 30, 2012
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i'm calling concerning the fiscal cliff. i was wondering -- funding is going to be cut off such as unemployment. i'd like to know where do it stand and what is it being done? host: an update this morning on the former president george h.w. bush this according to reports out of houston saying he was in the hospital thursday for treatment of a lingering cough. he is 88 years old and has been in and out of the hospital recently because of complications due to wrongitis. they say expect the president to be released on saturday. he has been under hospital care for nearly a week. this is the republican line. hello? steve? good morning. caller: yes. good morning. pedro, off question and comment. one problem is -- completely out of control. and they continue to -- don't want to touch -- in this country. because the prices of the medical are too -- government -- i don't want to -- medicare, keep complaining about -- and because the hospital -- and they never contribute that much noun medicare. and they put all the money they could to
i'm calling concerning the fiscal cliff. i was wondering -- funding is going to be cut off such as unemployment. i'd like to know where do it stand and what is it being done? host: an update this morning on the former president george h.w. bush this according to reports out of houston saying he was in the hospital thursday for treatment of a lingering cough. he is 88 years old and has been in and out of the hospital recently because of complications due to wrongitis. they say expect the...
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Nov 29, 2012
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because joe biden is still our vice president and no fiscal cliff fights are going to stop him from a shopping blitz at washington's new costco super store. the veep came looking for pies and left with a television, books, fire logs, and a huge smile trailed by a horde of surprised shoppers. >> just walking through this store. get some guidance. >> you know, i have a feeling that the president may have missed his usual lunch partner at the midday meal today. joining us from washington is msnbc own historian the great chris matthews, the host of "hardball" and the author of quk jack kent, elusive hero," available now. highways t that's the advertising over. we learned the menu including white turkey chili and no humble pie after all. >> no dessert at all. i wondered about that double helping of poultry. what a strange meal. the turkey and then the chicken part. it's a strange meal. must have been dietary rules. i don't think that's a natural decision by the chef. strange meal. >> how do you think the meeting went though in truth? >> i think it's been screwed up because mr. romney, the
because joe biden is still our vice president and no fiscal cliff fights are going to stop him from a shopping blitz at washington's new costco super store. the veep came looking for pies and left with a television, books, fire logs, and a huge smile trailed by a horde of surprised shoppers. >> just walking through this store. get some guidance. >> you know, i have a feeling that the president may have missed his usual lunch partner at the midday meal today. joining us from...
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he says it's not a fiscal cliff, it's more like a fiscal slope. there are some people that occupy the left side of the american political spectrum that would agree with howard dean saying listen, it's really not that big of a deal as deficit hawks are making it out to be. you would disagree, i would guess. >> well, i think howard is disagreeing a little bit, too. i think howard is saying it's time for meaningful deficit reduction. howard's become a deficit hawk. i think howard and i would disagree probably on some of the elements of what constitutes -- >> no, but he's saying it's not a disaster if it happens. >> well, i was going to get to that point. the fiscal cliff itself, howard is right, it's a slope. on day one the economy does not collapse and go into recession. but i worry a lot about the markets. the market reaction to going over the cliff, particularly if we go over the cliff in disarray where there's really no plan. everything's broken down. nobody knows where anybody is. i think that could be pretty ugly in the markets. having said tha
he says it's not a fiscal cliff, it's more like a fiscal slope. there are some people that occupy the left side of the american political spectrum that would agree with howard dean saying listen, it's really not that big of a deal as deficit hawks are making it out to be. you would disagree, i would guess. >> well, i think howard is disagreeing a little bit, too. i think howard is saying it's time for meaningful deficit reduction. howard's become a deficit hawk. i think howard and i would...
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the fiscal cliff hits. the arguments i just pa about the withholding tables and cutting spending, are not generally talked about. a lot of people deny they can be done. we're confident they can. so the question then becomes what's the impact, where is the impact. and the impact is equity markets end of next week will say these guys aren't going to get it done, we won't have a deal january 1, everything falls apart, that's assuming of course we all get past december 21st. >> so basically week and counting before you think the equity market really drops significantly? >> if we do get a deal done do, we just maintain the 2% that we're stuck in with the high unemployment and not go down? or does it actually allow us to start growing again? is anybody talking growth? >> we're talking growth. >> is it possible to ever get back to that in this environment? >> it is. you have a lot of problems with the piece. >> do you briyou believe if you rote deficit -- two different ways. you either keep the government that you
the fiscal cliff hits. the arguments i just pa about the withholding tables and cutting spending, are not generally talked about. a lot of people deny they can be done. we're confident they can. so the question then becomes what's the impact, where is the impact. and the impact is equity markets end of next week will say these guys aren't going to get it done, we won't have a deal january 1, everything falls apart, that's assuming of course we all get past december 21st. >> so basically...
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Nov 29, 2012
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this is the deal on the fiscal cliff. tax increase now, delay spending cuts, don't worry about the debt. judge napolitano: i wrote a piece this morning on the washington times and a number of venues. argues the republicans probably will cave. notwithstanding the pledge they took, just a political pledge, not legally -- i don't want them to raise taxes but they will. they should remember the peril of recent history. the last american president who said who could forget this? read my lips, no new taxes was dispatched by the voters to a hotel room in houston rather than four more years in the white house because he violated that pledge. george herbert walker bush would keep that pledge today. stuart: always a pleasure. we say it every day on "varney and company," time is money. we mean it. i especially mean it. my take on punctuality next. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core,
this is the deal on the fiscal cliff. tax increase now, delay spending cuts, don't worry about the debt. judge napolitano: i wrote a piece this morning on the washington times and a number of venues. argues the republicans probably will cave. notwithstanding the pledge they took, just a political pledge, not legally -- i don't want them to raise taxes but they will. they should remember the peril of recent history. the last american president who said who could forget this? read my lips, no new...
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is the fiscal cliff a buying turnlt? because today, goldman, saying that all of this is going to pass, we're going to get growth of 10.9%. and 12% in the market on prices next year and they'll rise . >> i think people are going to rotate from protecting the value of their portfolio. >> i think people have been very significantly focused on not losing money. and so they have held cash, they have held more conservative investments. i think it's made sense to. there's been tremendous uncertainty. and for the record, i don't think the uncertainty is necessarily going to melt away, whether we get a fiscal cliff deal or not. what i do think we're starting to see is you have the largers economies in the developed world, all throughout europe, and japan, during sandy, a lot of what happened tot the bank of japan, you have central bans that are going to work with governments. chairman bernanke hasn't even commented on it himself, that there's an incentives to weaken their currency. they're going to own stocks to protect that. >>
is the fiscal cliff a buying turnlt? because today, goldman, saying that all of this is going to pass, we're going to get growth of 10.9%. and 12% in the market on prices next year and they'll rise . >> i think people are going to rotate from protecting the value of their portfolio. >> i think people have been very significantly focused on not losing money. and so they have held cash, they have held more conservative investments. i think it's made sense to. there's been tremendous...
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especially the fiscal cliff. in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this your chance to fill up your cup before the shares really get percolating? cramer is grinding through the facts next. >>> tomorrow we are going to hear from one of my favorite companies and it is starbucks. having its biennial analyst day. right now it is more than ten points off its high for the year. i think it could mark the beginning of the stock's next big rally. you can follow along at actionalertsplus.com. a service that i do with the street. tomorrow i expect a terrific story. i'll give you a preview. lots of people ask me ho
especially the fiscal cliff. in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this...
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we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to stimulus really through deficit spending, through 0% interest rates. >> how are you investing around this? >> we're comfortable investing in corporate bon
we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's...